Home Movies – Mortgages And Marbles 2/3
Home Movies – Mortgages And Marbles 2/3 Part 3: www.youtube.com
Video Rating: 4 / 5
DLC BTB Mortgage Solutions KNOW mortgages like Don Cherry knows HOCKEY
Local Mortgage Brokerage Opens New Niagara Falls Franchise Dominion Lending Centres is excited to announce that Niagara Falls has a new mortgage brokerage franchise in town — Dominion Lending Centres BTB Mortgage Solutions. It’s reassuring to know that the same great customer experience Niagara Falls has come to depend on from BTB Mortgage Solutions is still available — now with increased access to mortgage products and services. Mike and Gail Di Stefano have taken their business to the next level by opening the new franchise to better help local residents with their home financing needs, and business owners with equipment leasing requirements. Servicing the Niagara Peninsula, Mike and Gail & their team have helped many local residents obtain mortgages for new homes and renew existing mortgages, as well as consolidate debt through mortgage refinances. With access to dozens of lending institutions, including banks, credit unions and trust companies, Mike and Gail, and their team of licensed mortgage agents are familiar with a vast array of available mortgage products — ranging from first-time homebuyer programs to financing for the self-employed to financing for those with credit blemishes. With interest rates still hovering near historic lows — with nowhere to go but up — there has never been a better time to get a mortgage or refinance an existing mortgage to improve cash flow instead of relying on high-interest credit cards or loans. About Mike and Gail Distefano …
Video Rating: 5 / 5
Posted in Mortgages | 
Btb, Cherry, Credit Blemishes, Credit Unions, Distefano, Equipment Leasing, Existing Mortgage, First Time Homebuyer Programs, High Interest Credit Cards, HOCKEY, Interest Credit Cards, KNOW, knows, Leasing Requirements, Lending Institutions, Licensed Mortgage, like, Mortgage, Mortgage Agents, Mortgage Brokerage, Mortgage Products, Mortgage Refinances, Mortgage Solutions, Mortgages, New Mortgage, Niagara Peninsula, Solutions, Time Homebuyer Programs | 
Leave a commentAIB Success ‘Mortgages’ Oct 07
New TV ad from AIB featuring AIB customer and actor, Peter Halpin.
Video Rating: 4 / 5
END FED: Fannie-Freddie Pay Self A Fortune For Hiding Bad Mortgages;Banks Tell Prez Who Can Regulate
How To Go To Heaven: www.jesus-is-savior.com www.thelibertyunderground.net Wednesday, April 6, 2011 Dylan Ratigan – Obama is with the Bankers “FannieMae and FreddieMac have recently announced outrageous salaries for their CEOs. We’ve got Freddie Mac CEO Charles Haldeman. He’s getting .8 million for the last 2 years. And, .2 million goes to FannieMae CEO Michael J. Williams” said Cenk Uygur who was the guest on The Dylan Ratigan Show this afternoon. Moreover, the top 6 executives at Fannie/Freddie received a whopping .4 million. Elizabeth Warren, the Harvard Law School Professor and consumer advocate, is currently setting up the newly established Consumer Financial Protection Bureau(CFPB). The CFPB was established to regulate Wall Street to avert crisis like the one experienced in 2007. When the agency finally begins its work in July, Obama can nominate Warren to become its first director. However, Cenk reports that “… two other candidates are in the running. Jennifer Granholm, Fmr. Governor of Michigan and Sarah Bloom Raskin, Current Fed Governor.” According to Huffington Post, Obama is considering these additional people for the post of Director of CFPB, because they would be more acceptable to Financial Services Industry. Dylan sarcastically remarked “Isn’t it important that every Cop is acceptable to the criminal that they are going to supervise?” Jennifer Granholm declined this offer by the President saying: “I have declined to be considered for this post. I …
Posted in Mortgages | Ceo Michael, Cfpb, Consumer Advocate, Dylan Ratigan, Elizabeth Warren, Fannie Freddie, FannieFreddie, Fanniemae, Fed Governor, Fortune, Freddie Mac, Freddiemac, Governor Of Michigan, Harvard Law School, Hiding, How To Go To Heaven, Huffington Post, J Williams, Jennifer Granholm, Jesus Is Savior, Law School Professor, MortgagesBanks, Obama, Prez, Regulate, Self, Tell, Uygur | Leave a commentIs an FHA Home loan Mortgage Right for You? ((97%w 550 FICO))
Is an FHA Home loan Mortgage Right for You?
The days of putting just little money down to buy a home are not over
After many years of risky home loans backed up by small down payments, most lenders aren’t underwriting mortgages without a large sum money for a down payment and a high credit score. But a loophole can still put home buyers in a Florida home for little or no money down. FHA Mortgages insured by the Federal Housing Administration (FHA) allow Florida mortgage applicants to get approved with a low down?payment as small as 3.5% of the purchase price and you don’t require a high credit score.
Florida home buyers should know the many advantages of the FHA mortgage loan programs. FHA loans were created to help increase home ownership. For the Florida home buyer the FHA program can simplify the purchase of a home, making financing easier and less expensive than a conventional mortgage loan product. Some highlights of the Florida FHA loan program include:
Minimal Down Payment and Closing costs.
Down payment less than 3% of Sales Price Gifts are allowed Seller can credit up to 6% of sales price towards closing and prepaid costs. 100% Financing available No reserves required. FHA regulated closing costs.
Easier Credit Qualifying Guidelines such as:
No minimum FICO score or credit score requirements. FHA will allow a home purchase 1 year after a Bankruptcy. FHA will allow a home purchase2 years after a Foreclosure.
To take advantage of the FHA program in Florida, give us a call 1-954-667-9110 or use our quick application to find out more about the many FL mortgage programs we can make available. Or Apply now for a FL FHA home loan.
www.FHAmortgageFHAloan.com
As millions of Florida homebuyers have come to realize, getting into a Florida home for little money down has its disadvantages. Borrowers who’ve invested little money down on their home are often more willing to walk away from it during tough times rather than struggle with tough payments; this risk is further elevated when Florida home values are declining and troubled Florida mortgage applicants are unable to refinance or sell their Florida home at a price that covers their losses.
Still, FHA home loans are far less risky than a subprime?or hard money loan that lenders originated before the housing bubble. FHA-insured mortgage loans require documentation and verifiable proof that the borrower is capable of making their mortgage payments. (In the past lenders didn’t require such proof.)
The looser terms of FHA home loans have helped make them more for Florida homebuyers. Today, FHA home loans make up about 30% of the mortgage Florida mortgage market, up from 5% in 2005, The FHA commissioner David Stevens said in a speech earlier this month. In June, of FHA insured over 200,000 FHA home loans – the highest monthly total in the agency’s history, according to Stevens. For fiscal year 2009, the dollar amount of FHA home loans are likely to reach 30% of mortgage originations, up from around 5% in 2005 and 2006, says Stu Feldstein, the president of SMR Research, a mortgage-data tracking firm.
“FHA-insured?home loans are one of the only games in town, especially if you can’t qualify for a traditional Florida mortgage,” says Thomas Martin, the chairman of the which trains and certifies mortgage lenders and brokers. “Now that the subprime market is gone, the FHA home loan is filling the void.
Here’s how to determine if an FHA-insured mortgage is right for you.
Do you meet the FHA home loan qualifications?
Most Florida mortgage applicants of FHA-insured mortgages have stable predicable income likely to continue with their credit history and debt load than a conventional mortgage loan might allow,
“When analyzing an FHA mortgage applicants credit, we expect FHA mortgage lenders to examine the overall pattern of credit behavior rather than isolated occurrences of poor performance or relying solely on a credit score, This includes a borrower’s rental or mortgage payment history, debts, collections, previous foreclosures and bankruptcies. Borrowers with a credit score less than 500 must make a 10% down payment to qualify.
Today, over 80% of FHA-insured purchase-mortgages belong to first-time Florida home buyers, thanks to looser requirements and the comparatively small 3.5% down payment, (Another perk is that borrowers are permitted gift assistance for the down payment from their friends, a family, employer or a government entity, but not the seller.)
Can you afford the costs?
Now, FHA mortgage interest rates and non-FHA mortgages aren’t much different. A 30-year fixed-rate FHA-insured mortgage had an average rate of 5.25% for the week ending Aug. 20, compared to an average rate of 5.44% for a 30-year fixed rate non-FHA mortgage,
However, there are unique fees that accompany an FHA mortgage. A mortgage applicant is required to pay 1.75% of the loan amount upfront, or that fee can be financed into the mortgage. FHA-insured mortgages also require a 0.55% annual premium based on the outstanding FHA loan balance and financed into the mortgage. These fees pay for the FHA insurance that makes the loan possible,
A borrower who has a high credit score – typically a minimum of 720 – and a 20% down payment is often better off with a traditional non-FHA mortgage, which includes fewer fees. However, the math gets tricky when a borrower has a high credit score but a down payment less than 20%; in those cases, the borrower will have to pay for private mortgage insurance (PMI). Depending on your situation, PMI can cost less, the same or more than FHA mortgage fees.
What protections are in place for the FHA mortgage lender?
FHA mortgage Lenders are comfortable providing FHA mortgages because they don’t bear the loss if a mortgage applicant defaults on their payments and goes into foreclosure – the FHA does.
In such a scenario, the FHA pays the lender an insurance claim equal to the sum of the unpaid principal balance of the loan, foregone interest and a portion of the foreclosure expenses, The FHA pays for these losses by dipping into its insurance fund, which holds the insurance fees borrowers pay.
Posted in Mortgages | 97%w, Conventional Mortgage Loan, Credit Score, Federal Housing Administration, Fha Home Loan, Fha Loan, Fha Loans, Fha Mortgage Loan, Fha Mortgages, Fha Program, FICO, Fico Score, Fl Mortgage, Florida Home Buyers, Florida Mortgage, Home, Home Loan Mortgage, loan, Mortgage, Mortgage Applicants, Mortgage Fha, Mortgage Loan Product, Mortgage Loan Programs, Mortgage Programs, Right, Score Requirements | Leave a commentFHA mortgage Refinancing, FHA mortgage loans, FHA Home loans
The FHA home loan offers exclusive Florida FHA mortgage refinancing, FHA mortgage rates, FHA refinance loans, FHA fixed mortgage refinance, FHA low equity loans, FHA refinance mortgages, FHA bad credit mortgage, second mortgages, FHA home equity loan modification options and 100% FHA mortgage rates for debt consolidation, fixed loan refinance, cash out and new home financing. FHA Mortgage rates have dropped to 4.5% for FHA fixed rate refinancing loans! Our Florida FHA Lenders report that FHA mortgage refinancing with loans remain the hottest mortgage loan products with conforming and FHA mortgage lenders can offer 103% and 110% FHA refinance loans through the government backed FHA Mortgage program, DU Refinance. Standard FHA home loan refinance with cash options limit FHA Mortgage applicants to 95% LTV and rate and term streamline refinance loans are capped at 97%.
Florida home buyers should know the many advantages of the FHA mortgage loan programs. FHA loans were created to help increase home ownership. For the Florida home buyer the FHA program can simplify the purchase of a home, making financing easier and less expensive than a conventional mortgage loan product. Some highlights of the Florida FHA loan program include:
Minimal Down Payment and Closing costs.
Down payment less than 3% of Sales Price Gifts are allowed Seller can credit up to 6% of sales price towards closing and prepaid costs. 100% Financing available No reserves required. FHA regulated closing costs.
Easier Credit Qualifying Guidelines such as:
No minimum FICO score or credit score requirements. FHA will allow a home purchase 1 year after a Bankruptcy. FHA will allow a home purchase2 years after a Foreclosure.
To take advantage of the FHA program in Florida, visit
http://www.fhamortgagefhaloan.com/
Our FHA mortgage lenders maintain headquarters in Florida, but we have extended our FHA mortgages and home loans purchase and FHA mortgage refinance services to consumers nationally. Florida Homeowners can take advantage of discount FHA mortgage refinance rates for equity loans. Most Florida FHA mortgage applicants want to FHA refinance and consolidate high interest credit card debt or refinance their variable home equity lines of credit into a tax deductible fixed rate mortgage loan. Whether you need to a FHA home loan for an FHA purchase a new FHA home refinance your mortgage or negotiate a FHA mortgage loan.
As an experienced FHA mortgage banker, Nationwide FHA Mortgage Loans assembled a talented FHA Mortgage refinance team that provides “outside of the box” first and second mortgage loans. FHA mortgage applicant can improve their financial state when FHA Mortgage refinancing their high interest revolving debts and consolidating their all higher interest loans together into a reduced FHA mortgage payment loan ensured by a low fixed interest rate. First time Florida homebuyers are encouraged to our competitive FHA loan products like the 97% FHA refinance mortgage loans, “interest only” home equity credit lines and 100% FHA home mortgages. If you have a variable rate home equity credit line, we recommend an FHA Mortgage refinance. If you are seeking to FHA refinance your variable rate loans or currently have a bad credit mortgage but your credit scores are low or no equity left in your Florida home, we encourage you to apply online because our FHA mortgage guidelines make exceptions for compensating factors. According out account executives an FHA Home loan is easier than ever before to get approved for, Florida homeowners should seek the expert FHA refinancing advice from the ‘FHA Mortgage Loan Originators’.” Get the best FHA mortgage refinance rate possible with our volume discounts for home equity, 2nd mortgage or FHA mortgage loans.
Posted in Mortgages | Bad Credit Mortgage, Conventional Mortgage Loan, Fha Home Loan, Fha Home Loans, Fha Lenders, Fha Loan, Fha Loans, Fha Mortgage Loan, Fha Mortgage Loans, Fha Mortgage Rates, Fha Mortgages, Fha Program, Fico Score, Fixed Rate Refinancing, Florida Home Buyers, Home, Home Loans Purchase, Loans, Mortgage, Mortgage Loan Product, Mortgage Loan Products, Mortgage Loan Programs, Mortgage Refinancing, Refinancing | Leave a commentMillions Not Paying Their Mortgages
Millions of well informed homeowners are not being stupid by throwing good money down the drain on mortgage payments and electing not to pay on homes that are 20-50% underwater. They continue to play it smart just like TISHMAN-SPEYER AND BLACKROCK,Inc by living in the homes without paying the ever increasing property taxes also. Ted Jadlos breaks down data on skipped mortgage payments.
Posted in Mortgages | Blackrock Inc, Millions, Money Down, Mortgage Payments, Mortgages, Paying, Property Taxes, Stupid, Ted, Their, Tishman Speyer | 12 CommentsFlorida Mortgages – Countryside International
www.countrysideinternational.com Allen Jackson of Florida Countryside conducts an interview with Sean de Pesquale who owns Florida Mortgage Partners. Sean is an independent mortgage broker specialising in US loans to overseas clients, especially British and other foreign national buyers. Should you get a US dollar loan or a sterling mortgage? Who handles the deed conveyance and what is the role of a title agency? Sean clarifies several aspects about US mortgages thereby providing a comprehensive guideline for any prospective Florida property purchaser. For more info, visit http or call 08456 444 747 (UK)
Video Rating: 5 / 5
Posted in Mortgages | Conveyance, Countryside, Dollar Loan, Florida, Florida Countryside, Florida Mortgage, Florida Mortgages, Florida Property, Independent Mortgage Broker, International, International Www, Loans, Mortgage Partners, Mortgages, Overseas Clients, Purchaser, Specialising, Sterling Mortgage | Leave a commentThe Differences Between Mortgages And Reverse Mortgages
There are many different types of mortgages, each with its own advantages and disadvantages, it is very important that you do your research. Understanding these differences will enable you to choose the right mortgage for your financial situation and housing goals. Now what is a mortgage? A mortgage is a loan secured by a property/house and paid in installments over a set period of time. The mortgage secures your promise that the money borrowed will be repaid. For most of us, a mortgage is the largest and most serious financial obligation we ever make.
You can get a mortgage direct from the lender like banks, building societies and specialist mortgage lenders, or you can use a mortgage broker. You can buy based on ‘information’ only or get advice and recommendation on a mortgage that suits your particular needs.
The two main ways to repay your mortgage are ‘repayment’ and ‘interest only’. With a repayment mortgage you make monthly repayments for an agreed period until you’ve paid back the loan and the interest (30 year-fixed rate being a common example). With an interest only mortgage you make monthly repayments for an agreed period but these will only cover the interest on your loan (example 5 year-fixed rate). You’ll normally also have to pay into another savings or investment plan that’ll hopefully pay off the loan at the end of the term.
Now you know what mortgage is, let’s take a moment to understand reverse mortgage. What exactly is a reverse mortgage?
Reverse mortgages are getting to be more and more common these days. Why? Reverse mortgage loan advances are not taxable, and generally don’t affect your Social Security or Medicare benefits. You retain the title to your home, and you don’t have to make monthly repayments. The loan must be repaid when the last surviving borrower dies, sells the home, or no longer lives in the home as a principal residence. Unlike a regular mortgage, the homeowner makes no payments and all interest is added to the lien on the property.
A reversed mortgage is designed specifically for homeowners who are age 62 and older. Through this product, you can receive loan money from your home in the form of a lump sum, regular monthly checks or a line of credit. The money is typically repaid with interest when you sell your house, permanently move away, or pass away.
You may be wondering how you can benefit from getting a reverse mortgage. Many people have found that the money they got from a reverse mortgage benefited them greatly. With a reverse mortgage you continue to get income, and defer repayment, for as long as you live at home – no matter how long that may be. A Reverse Mortgage maybe is exactly what you need!
There are many benefits that a reverse mortgage can give you. However, here are a few of the most significant. You will remain independent, no monthly mortgage payments are required, and you got freedom and flexibility. The money you get from a reverse mortgage is yours to use in any way you choose.
Exciting isn’t? If you don’t know exactly how much you’ll spend or how soon you’ll need it, a line of credit may make sense. Some reverse mortgage lines of credit are “growing” lines of credit meaning you may have more and more money available to you as time goes on. Reverse mortgages have helped hundreds of thousands of homeowners improve their quality of life in retirement. A Reverse Mortgage can help you retire more comfortably. It can provide you with money when you need it most. No Monthly Mortgage Payments, Easy Qualification, Tax-Free Money and No cash needed for closing costs. Can it get any better? If you’d like to find out how much money you qualify for and if you’re eligible, give us a call at (800)630-0650.
Tim Jacobs
Golden Years Mortgage Solutions
Your Money…When You Need It
www.GoldenYearsMortgageSolutions.com
(800)630-0650
tim@goldenyearsmortgagesolutions.com
Tim Jacobs @ Golden Years Mortgage Solutions www.GoldenYearsMortgageSolutions.com (800)630-0650 tim@goldenyearsmortgagesolutions.com Golden Years Mortgage Solutions is a reverse mortgage approved FHA Lender. We’ve helped thousands of senior homeowners solve their financial problems. Our agents and brokers collectively have over 60 years of experience in Reverse Mortgage Loans and general financial services, including managers who are industry pioneers with more than 12 years of reverse mortgage experience. Our dedication to providing financial solutions for seniors is evidenced by the number of referrals that come from our existing clients.
Posted in Mortgages | Between, Building Societies, Differences, Financial Obligation, Financial Situation, Installments, Interest Only Mortgage, Investment Plan, Loan Advances, Loan Example, Many Different Types, Medicare Benefits, Mortgage Banks, Mortgage Broker, Mortgage Lenders, Mortgages, Principal Residence, Repayment Mortgage, Repayments, Reverse, Reverse Mortgage Loan, Reverse Mortgages, Right Mortgage, Specialist Mortgage | Leave a commentMortgages after Bankruptcy
Information on how to secure a mortgage after Bankruptcy brought to you by www.startingovertoronto.com and www.heromortgage.ca.
Home Movies – Mortgages And Marbles 1/3
Home Movies – Mortgages And Marbles 1/3 Part 2: www.youtube.com
Florida Refinance with FHA mortgage, Florida FHA mortgage Refinance,
Florida FHA Mortgage Refinance, FLorida FHA loan Refinance
Some advantages of using a FHA mortgage for your Florida mortgage refinance are as follows:
Cash-Out Refinance up to 95% for existing or new FHA mortgages.
Cash-Out up to 95% of your properties value. Consolidate first and second mortgages into single loan. Bill consolidation programs. Easier credit and income qualifications. FHA regulated closing costs.
Rate and Term Mortgage Refinancing up to 97% of your homes value.
Consolidate first and second mortgages into a single loan. No FICO score or credit score requirements Competitive rates for borrowers with a Bankruptcy older than two years. Competitive rates for borrowers with a Foreclosure older than three years. Easier credit and income qualifications. FHA regulated closing costs.
FHA Streamline Refinance for existing FHA loans only.
No Cost Interest Rate Reductions programs. No Income or Credit Qualifications. Zero cost refinance options available. Easily switch amortization for adjustable to fixed or vice versa. Easily shorten or lengthen term of your existing loan. Easier credit and income qualifications.
FHA Secure Refinance with current mortgage lates.
Refinance your mortgage at competitive rates even if you have a mortgage late on your credit that is directly due to adjusting mortgage. Qualify for refinance even if currently in foreclosure. Complete details of FHA Secure loan.
Apply NOW at
http://www.fhamortgagefhaloan.com/
Florida FHA Mortgage Refinance
As a Florida homeowner, eventually, you’ll consider refinancing your Florida mortgage. Before you decide to refinance, you should confer with an experienced Florida Mortgage Lender. Our licensed mortgage pros work hard to stay current on the best refinance mortgage programs. Our training objectives are to help each of our clients achieve the best combination of interest rate, mortgage terms, and low home loan closing fees for a Florida refinance. Call today at 1-800-570-0448 or use our quick application to learn more!
For over a decade, 1st Continental Mortgage has been the Florida mortgage lender of choice in Florida because we deliver excellent Florida mortgage rates and superb white glove mortgage service to Florida homeowners. 1st Continental Mortgage loan officers are well equipped to make refinancing your Florida Mortgage a smooth and pleasant transaction from application to closing.
After conferring with one of our loan officers, you may find that refinancing your existing mortgage loan isn’t the most suitable way to meet your financial goals. In finance, there are often many ways to achieve a goal, and a conversation with a Florida mortgage expert can save you time in locating the homeowner loan that is going to work the best for your unique set of circumstances.
Why not call one of our friendly experienced loan officers today for a free review your financial situation and objectives. We’re confident that when you complete your phone interview, you’ll be certain you are applying for the best Florida refinance homeowner loan. A loan that will serve your long-term interests and not just the interest of the Florida mortgage originator you’re working with. Call 1-800-570-0448 today or use our quick application for a free, no-obligation consultation.
For most of our clients, getting a Florida refinance on their Florida Mortgage is the most important single financial transaction they will ever undertake. It’s actually more important than when you first decided to purchase your Florida home! It’s not something that most people do every day. In fact, some homeowners may only refinance two or three times in a lifetime.
Nevertheless, differences among Florida mortgage programs for refinancing that appear small can make a huge difference over the life of a typical Florida mortgage. The hard truth is, refinancing your home into the wrong loan can cost you tens of thousands of dollars or even put you at risk of losing your Florida home to foreclosure.
At 1st Continental Mortgage, we’ll listen carefully to your objectives for the refinance loan, ask the right questions, and use our experience to match you with the best program and lender from among the hundreds of Florida debt consolidation refinance programs we offer.
At 1st Continental Mortgage, we’re experts at identifying the small differences in competing refinance mortgage loan programs that can save our clients big dollars. We’ll be glad to share what we know to help you create the best refinance scenario for your situation. Call 1-800-570-0448 or use our secure online quick application to see how simple it is to refinance a mortgage in Collier County or any of the other Florida counties we serve.
Whether you are motivated to refinance your Florida home by a desire to lower your interest rate, lower your monthly payment, change your terms, or remove a former spouse from a mortgage, we will be happy to help. Over the last decade, we have heard our share of excellent reasons for making changes to an existing Florida mortgage. We have excellent Florida refi solutions for all kinds of homeowners from interest only refinances for a newly single professional; to refinancing a Mobile Home on land with a low fixed rate FHA mortgage in Wesley Chapel, Florida; to helping a young family avoid the shock of dramatically higher mortgage payments from an ARM.
Florida Debt Consolidation Refinance
Cash Out Refi in Florida
For some Florida clients, the need to refinance is driven by debt consolidation. It’s not uncommon today for borrowers to feel that their credit card debt or other installment debt has taken on a life of its own. We know how to help you get the most for your hard-earned home equity when it comes to doing a cash out refinance for debt consolidation. Refinancing for debt consolidation can help free up hundreds of dollars a month and in some cases, the mortgage interest may be tax deductible. If you have home equity and need a fresh start, call 1-800-570-0448 or use our quick application. We think you’ll be glad you did!
We don’t recommend refinancing a first mortgage to every client as a vehicle to consolidate debt or get cash out. Sometimes a prepayment penalty on the first mortgage makes a Second Mortgage or home equity line of credit a better way to access home equity. In other cases, the first mortgage may have a desirable characteristic, such as a below market interest rate, that makes refinancing simply not worthwhile. We’ll be happy to help you generate a range of refinance program options and to choose the best from among them.
Why not call us today at 1-800-570-0448 or fill out our quick application to get a fast quote on refinancing your Florida mortgage!
Here are just a few of the reasons our past clients have expressed for refinancing their Florida homes:
Lower the interest rate on your present fixed rate mortgage; Convert a high risk Florida ARM to a stable 30 year fixed rate mortgage; Refinance out of a fully indexed Adjustable Rate Mortgage into a FHA fixed rate loan; Consolidate all your high interest credit card debts into a single monthly mortgage payment Refinance to pull cash out for hospital bills, college tuition, or to finance a wedding, honeymoon or exotic vacation; Escape a Florida bad credit mortgage program into a more permanent mortgage; Improve your cash flow with a refinance to an Interest Only mortgage.
With more than 100 lender programs to draw upon, 1st Continental Mortgage loan officers have been delivering the right homeowner refinancing loans for over a decade to thousands of Floridians. Here is a partial list of the mortgage programs that we can help you with:
Fixed rate mortgage refinance with 10 year, 15 year, 20 year, 30 year and 40 year fixed rate terms; Interest only mortgage refi options; Debt consolidation refinance programs; Florida Jumbo mortgage and Super Jumbo mortgage refinancing programs; Bad Credit mortgage programs; Second mortgage, home equity loans, and home equity lines of credit options; Specialty mortgage products such as no income verification, no ratio, SISA and no doc mortgage programs.
The mortgage professionals of 1st Continental Mortgage are waiting to hear from you right now about your next Florida homeowner refinance opportunity. Just give them a ring at 1-800-570-0448 or apply securely online using our quick application. With so many excellent refinancing options for Florida homeowners, we’re certain to have a Florida refinancing mortgage program designed for you!
Posted in Mortgages | Consolidation Programs, Credit Qualifications, Current Mortgage, Fha Loan, Fha Loans, Fha Mortgage, Fha Mortgages, Florida, Florida Mortgage Lender, Income Qualifications, Interest Rate Mortgage, Interest Rate Reductions, Licensed Mortgage, Mortgage, Mortgage Fha, Mortgage Florida, Mortgage Programs, Mortgage Pros, Mortgage Terms, Refinance, Score Requirements, Second Mortgages, Term Mortgage | Leave a commentFDR on mortgages, gold, reflation, and labor standards
These two video clips represent early New Deal policy. The first is a radio address delivered some time after the collapse of the London Gold Conference of 1933. The conference had been set up under the outgoing Hoover administration. A leaked communication from President Roosevelt ended the conference. In it, Roosevelt indicated he did not support a quick return to the traditional gold standard and that domestic considerations outweighed international. New Deal policy favored “reflation,” essentially raising prices and wages back to the pre-Depression level. This was to be done by various mechanisms including raising the price of gold and the cartel-like codes of the National Industrial Recovery Act (NIRA). Part of the idea was to relieve the burden of debtors (hence, references in the first clip to assistance to those whose mortgages were in default). Gold policy was based on theories that people really thought in gold terms (money was seen as just a representation of gold) and therefore raising the price of gold would lift all prices proportionally.
Video Rating: 4 / 5
Posted in Mortgages | Cartel, Collapse, Debtors, Depression, Fdr, gold, Gold Conference, Gold Standard, Hoover, labor, London Gold, Mechanisms, Mortgages, National Industrial Recovery Act, New Deal, President Roosevelt, Price Of Gold, Radio Address, reflation, standards, Traditional Gold, Video Clips, Wages | Leave a commentFha Mortgage Lender Florida, Fha Loan Florida,
FHA mortgage Florida, FHA Loan Florida
For first time home buyers and other Florida mortgage applicants the FHA loan can have key advantages:
Other FHA Mortgage loan Advantages Include:
Minimal Down Payment and Closing Costs.
Down payment less than 3.5% of Sales Price
Gift for down payment and closing costs allowed.
No reserves or required.
FHA regulated closing costs.
Seller can credit up to 6% of sales price towards buyers costs.
Easier Credit Qualifying Guidelines such as:
Minimum FICO credit score of 540.
FHA will allow a home purchase 2 years after a Bankruptcy.
FHA will allow a home purchase 3years after a Foreclosure.
Easier Debt Ratio & Job Requirement Guidelines such as:
Higher Debt Ratio’s than other home loan programs.
Less than two years on the job is allowed.
Self-Employed individuals o.k.
www.FHAmortgageFHALoan.com
Other FHA advantages Florida homebuyers should know:
Easy Qualification – The FHA loan insures lenders against loss for loans made to properly qualified FHA home loan borrowers. So you’re likely to find FHA mortgage loans with terms that make it easier for you to qualify.
Minimal Downpayment Requirements – FHA mortgages can work with as little as 3% down and those funds can come from a family member, charity, or your employer. Although the FHA loan does not have a zero down mortgage option yet, you will find that your 1st Continental Mortgage loan officer can point you to many Downpayment assistance programs that work well with Florida FHA home loans.
Less than A-1 Credit is Okay – The Florida home loan program exists to expand the pool of home buyers. Even borrowers with prior bankruptcies or mortgage lates get approved every day for FHA mortgages to buy or Refinance homes in Hillsborough County or any of the other Florida counties we serve. The FHA loan program uses credit quality, not credit score!
Lower Cost Over the Life of the Loan – The Florida FHA home loan rates are extraordinarily competitive. FHA’s lower risk to the lender means a better rate for the borrower.
Safeguards for Borrowers Who Get Behind – The Florida FHA loan mortgages also allow the lender more options in helping borrowers who fall behind keep their homes are get current again: special forbearance, workouts, even free mortgage counseling. Further, HUD can allow the lender to take past due payments and move them to the end of the loan and in some instance will actually pay your past due payments for you. Options to save your home you’ll never get from a conventional loan! In an uncertain world, this is another excellent reason for you to get an FHA mortgage.
Options for Manufactured Housing – Under certain conditions, you can even finance a Mobile Home or manufactured home using a Florida FHA mortgage loan. Call 1-800-570-0448 to get pre-approved for a Florida FHA loan for manufactured housing or just use our quick application to learn more!
FHA Loans Are Fully Assumable – When you are ready to sell your home, you can offer buyers FHA financing! All FHA loans can be assumed by qualified buyers.
These are just seven of the many good reasons to apply for an FHA mortgage. Call 1-800-570-0448 to speak with a friendly Florida FHA loan specialist now!
The FHA program has evolved since it started in 1934 and now has options for HUD insured loans that fit a variety of different borrowers and situations.
Florida FHA Loan Programs
At one point and time many years ago, the FHA loan was the only alternative to local bank financing for home buyers. In the fashion world, there is a saying: Wait long enough, and everything comes back into style. That rule applies just as well to Florida FHA mortgage program. Long-overlooked, the FHA mortgage is becoming popular again with Florida Home Buyers for its low rates and the real security it provides borrowers.
For Florida banks and other mortgage lenders, FHA mortgage loan financing offers the security of a government insured Mortgage. Win/Win! To learn more, call today at 1-800-570-0448 or just use our fast and easy quick application!
FHA Home Loans for Purchasing a Florida Home
Although Florida FHA home loans require additional paperwork, the reality is that applying for an FHA mortgage loan in Florida is not much different from applying for conventional financing. In fact, for many borrowers the small amount of extra time turns out to be an exceptional mortgage bargain because they save thousands of dollars over the life of their Florida Mortgage.
At 1st Continental Mortgage, we have been working with the FHA program for many years. We’re experts at assembling the proper paperwork and presenting your loan application to FHA approved lenders diligently and professionally. It’s one of the ways that we have earned our reputation for closing FHA home loans in Florida on-time.
You may be surprised at how flexible sellers are in the current market and how many programs there are that provide Downpayment assistance to applicants for FHA financing to purchase Florida homes, condos, and townhouses. The fact is, seller can pay up to 6% towards your closing costs. This means, no closing costs for you when negotiated during the purchase contract!
The FHA program offers excellent fixed rate options and never a prepayment penalty. If other mortgage lenders are quoting you subprime rates, you owe it to yourself to make the call to 1st Continental Mortgage to compare the costs of getting an FHA home loan for your home purchase. Call 1-800-570-0448 to speak with an FHA mortgage expert before accepting any conventional mortgage quote as the best you can do!
FHA Home Loans Offer the Convenience of Streamlined Refinance
An FHA streamline refinance is one of the easiest home loans for Mortgage Lenders and borrowers. Since HUD approved you for the original FHA loan, the paperwork to refinance is minimal and the process is simple.
So long as you have made your FL FHA loan mortgage payments on time for the previous 12 months, you can lower your monthly payment if interest rates go down with minimal out of pocket expense. Even if you have been late on your FHA mortgage, you might still qualify for an FHA streamline refinance in Florida under very specific conditions.
Less documentation and no appraisal are just two of the reasons a FHA streamline refinance is cheaper and faster for the borrowers who qualify.
FHA Mortgage Loan
Streamline Refinance Requirements
When your 1st Continental Mortgage lender helps you get a streamlined FHA refinance on your existing mortgage loan, he or she will make certain that you meet these conditions:
Your current mortgage must be an FHA mortgage.
You must have had your FHA Mortgage for at least 6 months.
You must have paid your mortgage on time for the most current 12 months.
Your FHA Streamline Refinance must lower the principal and interest portion of your mortgage payment by at least or convert the mortgage from an ARM to a fixed rate FHA home loan.
You can’t get cash out on the FHA streamline refi.
You must have an FHA appraisal if you are rolling the closing costs into the FHA streamline refinance.
Any existing liens on your Florida home must be subordinate to the new FHA mortgage.
FHA Mortgage Loan Refinance
Programs for Cashing Out Equity
Although a streamline refinance does not allow you to cash out equity, we have a FHA loan refinance program that is specifically designed for borrowers who want to cash out equity to consolidate debts, make home improvements or to access funds for other purposes.
Unlike many conventional loan programs, the FHA mortgage does not adjust the rate based upon loan to value or credit score. You will find the FHA has very reasonable underwriting guidelines for cash out refinancing.
We have helped many clients borrow up to 85% of the appraised value of their homes and use the funds to consolidate debts or to make home improvements and other purposes. Qualified borrowers will have to look hard to find lower rates and better terms than they can get on Florida FHA cash out refinance right now!
Call 1st Continental Mortgage today at 1-800-570-0448 or use our quick application to apply for an FHA refinance on your home in Sumter County or any of the other Florida counties we offer FHA mortgages in.
FHA Home Loans For Mobile Homes with Land
Although some conventional lenders in Florida shy away from making a loan on Mobile Homes or manufactured homes, many FHA mortgage loan lenders do not.
In fact, mobile homeowners fortunate enough to connect with a Florida mortgage lender, who is well schooled in how FHA loans work for mobiles and manufactured homes, can get a better interest rate, better terms, and a lower monthly payment by going FHA in nearly every case.
If you’re shopping for financing to buy a mobile or manufactured home on land in Sumter County or any of the other 66 counties in Florida that we serve, call 1-800-570-0448 and let us give you a quote for an FHA mortgage loan to purchase your mobile or manufactured home.
It only takes a few minutes to get an FHA loan mortgage quote on your Florida mobile home. We’ll wager that the savings on your monthly mortgage payments will make it some of the highest paid work you’ve ever done.
Few people realize that the FHA loan uses the same underwriting criteria for single and double wide mobile homes and manufactured housing as it does for traditional site built block or stick homes. In addition, FHA is one of the very few programs
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